MGP (MGPI) Q1 2026 Earnings Call Transcript [Globe and Mail, The (Toronto, Canada)]
MGP Ingredients, Inc. (MGPI)
Last mgp ingredients, inc. earnings: 4/30 07:30 am
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US:NASDAQ Investor Relations:
ir.mgpingredients.com
Company Research
Source: Globe and Mail, The
CFO — Brandon M. Gall TAKEAWAYS Revenue -- $106.4 million, representing a 13% decrease, which management noted was in line with expectations. Adjusted EBITDA -- $15 million, decreased 31% year over year but ahead of internal expectations. Adjusted Basic EPS -- $0.15, down 58% from the prior year and above management's projection. Net Income -- Loss of $134.8 million, driven primarily by a non-cash goodwill and asset impairment charge totaling $179.5 million within the Branded Spirits segment. Branded Spirits Gross Margin -- 47.8%, up 180 basis points, attributed to improved mix and revenue growth management initiatives. Premium Plus Portfolio Sales -- Increased by 1.5%, with Penelope Bourbon brand sales up 10% year over year, led by core and limited releases. Discontinued Brands -- More than 30 tail brands discontinued in the first quarter, with 15 more anticipated by year-end, representing about 1% of segment net sales; expected to deliver a 20 basis point gross marg
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MGPI
News
- MGP Ingredients (NASDAQ:MGPI) Surprises With Q1 CY2026 Sales [Yahoo! Finance]Yahoo! Finance
- MGP Ingredients Non-GAAP EPS of $0.15 beats by $0.11, revenue of $106.4M beats by $1.51M [Seeking Alpha]Seeking Alpha
- MGP Ingredients Reports First Quarter 2026 ResultsBusiness Wire
- Earnings To Watch: MGP Ingredients (MGPI) Reports Q1 Results Tomorrow [Yahoo! Finance]Yahoo! Finance
- 3 Reasons to Sell MGPI and 1 Stock to Buy Instead [Yahoo! Finance]Yahoo! Finance
MGPI
Earnings
- 4/29/26 - Beat
MGPI
Sec Filings
- 4/29/26 - Form 10-Q
- 4/29/26 - Form 8-K
- 4/27/26 - Form SCHEDULE
- MGPI's page on the SEC website